The government wants you to recover your development costs! Canada has one of the most generous tax credit programs in the world called the SR&ED program. It is estimated that less than 50% of eligible companies are claiming their credits.
What are some of the activities that qualify for SR&ED tax credits?
If you can answer ‘yes’ to any of the below questions, you are likely conducting eligible activity as defined by the Canada Revenue Agency (CRA).
Our activities advanced technology in operating systems, programming languages, data management, communications software and software development tools.
We conducted research into methods of designing, developing, deploying, or maintaining software.
We produced advances in generic approaches for capturing, transmitting, storing, retrieving, manipulating, or displaying information.
We had to fill a technology gap in order to develop a software program or system.
We conducted research and development into software tools or technologies in specialized areas of computing (i.e. image processing, geographic data representation, character recognition, artificial intelligence).
We attempted to improve the performance, speed or functionality of our application.
We encountered unexpected technical uncertainties during our development efforts (i.e. hardware / software incompatibilities).
We also offer SR&ED financing services and SR&ED Software through our partner companies that we work with. If you require any of these services as well, please get in touch.
